

Honestly, this is a huge step forward. I know it sounds dumb, but regulating the crypto market as securities will help provide stability to crypto and help classic securities become more adaptable. I’ve been waiting since day 1 for the SEC to step in here.
I understand where you’re coming from, but that means they care about making sure that the number goes up, rather than fluctuating wildly. And they absolutely don’t want rugpulls (unless they’re the ones holding the rug). That’s the kind of stability I’m talking about. No tycoon actually wants a free market, they want the regulations to make sure that they have a chance to corner the market and protect them against their enemies.